September production drops in response to OPEC quota pressure
Iraq cut output at state-operated fields and shifted maintenance schedules in a bid to improve OPEC-plus compliance.
Iraqi Prime Minister Mohammed Shia al-Sudani (right) meets with Oil Minister Hayyan Abdulghani (center) and Deputy Oil Minister Ali Maarij (left) on Oct. 27 to discuss issues related to OPEC-plus as well as contracts signed earlier that day that were awarded in the "five-plus" and sixth licensing rounds. (Photo credit: Oil Ministry)
Iraq's oil production dropped by 150,000 bpd from August to September, according to an Iraq Oil Report analysis based on output data gathered independently from the country's producing fields. *
The cuts reflect the Oil Ministry's efforts to respond to pressure from the OPEC-plus coalition of oil-producing countries, which has called on Iraq to improve compliance with quota agreements and make extra reductions to compensate for past over-production.
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